Ultra-Short Fixed Income Fund

Fund Profile

Fund profile

Tickers

NUSFX

Fund manager

Northern Funds

Total assets

$1.65 bn

Liabilities

$1.50 mm

Net assets

$1.65 bn

Number of holdings

208.00

Top 200 of 208 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
T 4.625 11/15/26	45.90 mm	45.00 mm principal	2.79	Debt	Long	USA
BFCM F 02/04/25 144A	35.02 mm	35.00 mm principal	2.12	Debt	Long	France
NWG F 09/29/26 144A	32.83 mm	32.90 mm principal	1.99	Debt	Long	UK
BNS F 03/02/26	29.95 mm	30.00 mm principal	1.82	Debt	Long	Canada
B 0 05/15/25	29.26 mm	30.00 mm principal	1.78	Debt	Long	USA
BLK 4.6 07/26/27	28.89 mm	28.34 mm principal	1.75	Debt	Long	USA
INTNED F 04/01/27	27.12 mm	27.00 mm principal	1.65	Debt	Long	Netherlands
MQGAU F 10/14/25 144A	25.96 mm	25.96 mm principal	1.58	Debt	Long	Australia
BMO F 09/15/26 MTN	25.81 mm	25.80 mm principal	1.57	Debt	Long	Canada
T 4.125 02/15/27	25.29 mm	25.00 mm principal	1.53	Debt	Long	USA
GS The Goldman Sachs Group, Inc.	25.04 mm	25.00 mm principal	1.52	Debt	Long	USA
CBAAU F 06/15/26 144A	24.48 mm	24.50 mm principal	1.49	Debt	Long	Australia
HSBC HSBC Holdings plc	23.02 mm	22.82 mm principal	1.40	Debt	Long	UK
C Citigroup Inc.	21.22 mm	21.00 mm principal	1.29	Debt	Long	USA
BZLNZ F 01/27/27 144A	21.04 mm	21.00 mm principal	1.28	Debt	Long	New Zealand
RY F 04/27/26 GMTN	20.90 mm	20.90 mm principal	1.27	Debt	Long	Canada
SCHW The Charles Schwab Corporation	20.18 mm	20.00 mm principal	1.22	Debt	Long	USA
SEB F 06/09/25 144A	20.07 mm	20.00 mm principal	1.22	Debt	Long	Sweden
TD F 09/10/26	19.96 mm	20.00 mm principal	1.21	Debt	Long	Canada
Northern Institutional Funds GOVT PTFL	19.00 mm	19.00 mm shares	1.15	Short-term investment vehicle	Long	USA
SHBASS F 06/10/25 144A	17.55 mm	17.48 mm principal	1.06	Debt	Long	Sweden
SHBASS F 05/28/27 144A	16.22 mm	16.22 mm principal	0.98	Debt	Long	Sweden
FITB V5.852 10/27/25	15.91 mm	15.90 mm principal	0.97	Debt	Long	USA
VST 5.125 05/13/25 144A	15.57 mm	15.60 mm principal	0.94	Debt	Long	USA
T 4.625 09/15/26	15.27 mm	15.00 mm principal	0.93	Debt	Long	USA
JPM F 09/22/27	15.15 mm	15.10 mm principal	0.92	Debt	Long	USA
JXN 1.75 01/12/25 144A	15.07 mm	15.22 mm principal	0.91	Debt	Long	USA
MS F 05/26/28 BKNT	15.02 mm	15.00 mm principal	0.91	Debt	Long	USA
DBSSP F 11/22/24 144A	15.00 mm	15.00 mm principal	0.91	Debt	Long	Singapore
WFC F 04/25/26 MTN	14.77 mm	14.70 mm principal	0.90	Debt	Long	USA
SOCGEN 2.625 10/16/24 144A	14.49 mm	14.51 mm principal	0.88	Debt	Long	France
RY F 11/02/26 GMTN	14.23 mm	14.24 mm principal	0.86	Debt	Long	Canada
CCDJ V5.278 01/23/26 144A	14.05 mm	14.03 mm principal	0.85	Debt	Long	Canada
NAB F 06/09/25 144A	14.00 mm	13.95 mm principal	0.85	Debt	Long	Australia
AMXCA 2022-1 A	13.75 mm	13.90 mm principal	0.83	ABS-other	Long	USA
WSTP F 08/26/25	13.31 mm	13.23 mm principal	0.81	Debt	Long	Australia
JPM F 02/24/28 .	13.10 mm	13.00 mm principal	0.79	Debt	Long	USA
BNP 4.25 10/15/24 MTN	13.07 mm	13.08 mm principal	0.79	Debt	Long	France
SLB 5 05/29/27 144A	13.06 mm	12.80 mm principal	0.79	Debt	Long	USA
AXP American Express Company	13.02 mm	13.00 mm principal	0.79	Debt	Long	USA
CRBG Corebridge Financial, Inc.	12.80 mm	12.90 mm principal	0.78	Debt	Long	USA
NDAFH F 06/06/25 144A	12.24 mm	12.20 mm principal	0.74	Debt	Long	Finland
C F 01/25/26	12.12 mm	12.10 mm principal	0.74	Debt	Long	USA
PEP F 02/16/27	12.03 mm	12.00 mm principal	0.73	Debt	Long	Singapore
HNDA F 06/13/25	12.01 mm	12.00 mm principal	0.73	Debt	Long	USA
NAB F 06/11/27 144A	11.23 mm	11.22 mm principal	0.68	Debt	Long	Australia
MS F 04/13/28 MTN	11.05 mm	11.00 mm principal	0.67	Debt	Long	USA
NWIDE F 02/16/28 144A	10.77 mm	10.70 mm principal	0.65	Debt	Long	UK
DTRGR F 09/25/27 144A	10.73 mm	10.72 mm principal	0.65	Debt	Long	USA
T 4.5 04/15/27	10.22 mm	10.00 mm principal	0.62	Debt	Long	USA
T 4.375 08/15/26	10.13 mm	10.00 mm principal	0.61	Debt	Long	USA
GEHC 5.6 11/15/25	10.11 mm	10.00 mm principal	0.61	Debt	Long	USA
HYNMTR F 01/08/27 144A	10.11 mm	10.00 mm principal	0.61	Debt	Long	USA
BCS Barclays PLC	10.08 mm	10.00 mm principal	0.61	Debt	Long	UK
NDAQ 5.65 06/28/25	10.06 mm	10.00 mm principal	0.61	Debt	Long	USA
AXP American Express Company	10.04 mm	10.00 mm principal	0.61	Debt	Long	USA
DE F 04/19/27 MTN	10.04 mm	10.00 mm principal	0.61	Debt	Long	USA
HYNMTR F 06/24/27 144A	10.03 mm	10.00 mm principal	0.61	Debt	Long	USA
T 3.75 08/31/26	10.01 mm	10.00 mm principal	0.61	Debt	Long	USA
ACGCAP 5.5 12/15/24 144A	9.99 mm	10.00 mm principal	0.61	Debt	Long	USA
EFNCN 6.271 06/26/26 144A	9.98 mm	9.72 mm principal	0.61	Debt	Long	Canada
INTC Intel Corporation	9.91 mm	10.00 mm principal	0.60	Debt	Long	USA
SMFG Sumitomo Mitsui Financial Group, Inc.	9.89 mm	9.81 mm principal	0.60	Debt	Long	Japan
FSK FS KKR Capital Corp.	9.81 mm	9.83 mm principal	0.60	Debt	Long	USA
B 0 04/17/25	9.78 mm	10.00 mm principal	0.59	Debt	Long	USA
MQGAU 5.272 07/02/27 144A	9.73 mm	9.43 mm principal	0.59	Debt	Long	Australia
COMET 2024-A1 A	9.56 mm	9.57 mm principal	0.58	ABS-other	Long	USA
AER 1.65 10/29/24	9.07 mm	9.10 mm principal	0.55	Debt	Long	Ireland
TransCanada Pipelines Ltd	9.06 mm	9.07 mm principal	0.55	Debt	Long	Canada
SYF Synchrony Financial	9.03 mm	9.05 mm principal	0.55	Debt	Long	USA
MS F 02/18/26 MTN	8.90 mm	8.89 mm principal	0.54	Debt	Long	USA
WFC 5.254 12/11/26	8.15 mm	7.96 mm principal	0.49	Debt	Long	USA
ACAFP V4.631 09/11/28 144A	8.12 mm	8.08 mm principal	0.49	Debt	Long	France
COMET 2023-A1 A	8.03 mm	8.00 mm principal	0.49	ABS-other	Long	USA
Blackstone Private Credit Fund	7.86 mm	7.92 mm principal	0.48	Debt	Long	USA
ROSW F 11/13/26 144A	7.86 mm	7.80 mm principal	0.48	Debt	Long	USA
A Agilent Technologies, Inc.	7.82 mm	7.80 mm principal	0.47	Debt	Long	USA
CBAAU F 07/07/25 144A	7.81 mm	7.80 mm principal	0.47	Debt	Long	Australia
KEY V0 05/23/25 MTN	7.71 mm	7.70 mm principal	0.47	Debt	Long	USA
LLOYDS V4.716 08/11/26	7.69 mm	7.70 mm principal	0.47	Debt	Long	UK
GPN Global Payments Inc.	7.59 mm	7.63 mm principal	0.46	Debt	Long	USA
DB F 11/16/27	7.47 mm	7.50 mm principal	0.45	Debt	Long	Germany
MBGGR 4.75 08/01/27 144A	7.46 mm	7.35 mm principal	0.45	Debt	Long	USA
C 4.929 08/06/26	7.31 mm	7.20 mm principal	0.44	Debt	Long	USA
NACN F 07/02/27	7.29 mm	7.26 mm principal	0.44	Debt	Long	Canada
SWEDA 6.136 09/12/26 144A	7.23 mm	7.00 mm principal	0.44	Debt	Long	Sweden
KIAMTR 2.375 02/14/25 144A	7.02 mm	7.08 mm principal	0.43	Debt	Long	Korea, Republic of
ACAFP 3.25 10/04/24 144A	7.00 mm	7.00 mm principal	0.42	Debt	Long	France
CP 2.9 02/01/25	6.95 mm	7.00 mm principal	0.42	Debt	Long	Canada
SYK Stryker Corporation	6.93 mm	7.00 mm principal	0.42	Debt	Long	USA
F 4.134 08/04/25	6.59 mm	6.65 mm principal	0.40	Debt	Long	USA
BAX Baxter International Inc.	6.57 mm	6.57 mm principal	0.40	Debt	Long	USA
ZBH Zimmer Biomet Holdings, Inc.	6.56 mm	6.60 mm principal	0.40	Debt	Long	USA
KR The Kroger Co.	6.29 mm	6.25 mm principal	0.38	Debt	Long	USA
SANTAN 5.147 08/18/25	6.22 mm	6.20 mm principal	0.38	Debt	Long	Spain
TFC V6.047 06/08/27 MTN	6.16 mm	6.00 mm principal	0.37	Debt	Long	USA
CNHI 3.95 05/23/25	6.05 mm	6.09 mm principal	0.37	Debt	Long	USA
SWK Stanley Black & Decker, Inc.	5.87 mm	5.87 mm principal	0.36	Debt	Long	USA
SMFG Sumitomo Mitsui Financial Group, Inc.	5.86 mm	5.84 mm principal	0.36	Debt	Long	Japan
TLOT 2024-B A2A	5.76 mm	5.75 mm principal	0.35	ABS-other	Long	USA
UNH UnitedHealth Group Incorporated	5.72 mm	5.70 mm principal	0.35	Debt	Long	USA
LLY Eli Lilly and Company	5.70 mm	5.65 mm principal	0.35	Debt	Long	USA
UBS 7.95 01/09/25	5.56 mm	5.52 mm principal	0.34	Debt	Long	Switzerland
HD The Home Depot, Inc.	5.42 mm	5.41 mm principal	0.33	Debt	Long	USA
ROST Ross Stores, Inc.	5.31 mm	5.32 mm principal	0.32	Debt	Long	USA
NUE Nucor Corporation	5.31 mm	5.34 mm principal	0.32	Debt	Long	USA
TTWO Take-Two Interactive Software, Inc.	5.30 mm	5.34 mm principal	0.32	Debt	Long	USA
WMB The Williams Companies, Inc.	5.18 mm	5.11 mm principal	0.31	Debt	Long	USA
SDART 2024-4 A3	5.17 mm	5.14 mm principal	0.31	ABS-other	Long	USA
TD 5.532 07/17/26 MTN	5.13 mm	5.00 mm principal	0.31	Debt	Long	Canada
HCA 5.875 02/15/26	5.05 mm	5.00 mm principal	0.31	Debt	Long	USA
RABOBK 4.333 08/28/26	5.03 mm	5.00 mm principal	0.31	Debt	Long	Netherlands
SUMITR 4.45 09/10/27 144A	5.03 mm	5.00 mm principal	0.31	Debt	Long	Japan
CP 1.35 12/02/24	5.03 mm	5.06 mm principal	0.31	Debt	Long	Canada
ELV Elevance Health Inc.	4.98 mm	5.00 mm principal	0.30	Debt	Long	USA
MKC McCormick & Company, Incorporated	4.93 mm	5.00 mm principal	0.30	Debt	Long	USA
RKTLN 3 06/26/27 144A	4.85 mm	5.00 mm principal	0.29	Debt	Long	UK
PSA F 04/16/27	4.74 mm	4.72 mm principal	0.29	Debt	Long	USA
RABOBK F 01/10/25	4.70 mm	4.70 mm principal	0.29	Debt	Long	Netherlands
ACAFP F 03/11/27 144A	4.68 mm	4.66 mm principal	0.28	Debt	Long	France
JDOT 2024-C A2A	4.65 mm	4.65 mm principal	0.28	ABS-other	Long	USA
ENELIM 4.25 06/15/25 144A	4.38 mm	4.40 mm principal	0.27	Debt	Long	Netherlands
DCENT 2023-A1 A	4.30 mm	4.29 mm principal	0.26	ABS-other	Long	USA
WSTP F 06/03/26	4.20 mm	4.20 mm principal	0.25	Debt	Long	Australia
DANBNK V6.466 01/09/26 144A	4.15 mm	4.14 mm principal	0.25	Debt	Long	Denmark
DANBNK V6.259 09/22/26 144A	4.12 mm	4.06 mm principal	0.25	Debt	Long	Denmark
HYNMTR 5.95 09/21/26 144A	4.12 mm	4.00 mm principal	0.25	Debt	Long	USA
SDART 2022-2 C	4.09 mm	4.14 mm principal	0.25	ABS-other	Long	USA
ORCL Oracle Corporation	4.09 mm	4.03 mm principal	0.25	Debt	Long	USA
CHAIT 2023-A1 A	4.09 mm	4.00 mm principal	0.25	ABS-other	Long	USA
Owl Rock Core Income Corp.	4.09 mm	4.10 mm principal	0.25	Debt	Long	USA
HYNMTR 5.45 06/24/26 144A	4.07 mm	4.00 mm principal	0.25	Debt	Long	USA
DTRGR 5 01/15/27 144A	4.06 mm	4.00 mm principal	0.25	Debt	Long	USA
CAT F 02/27/26 MTN	4.00 mm	4.00 mm principal	0.24	Debt	Long	USA
GM 3.5 11/07/24	3.99 mm	4.00 mm principal	0.24	Debt	Long	USA
KEY 4.15 08/08/25 BKNT	3.77 mm	3.80 mm principal	0.23	Debt	Long	USA
DRIVE 2024-2 A2	3.60 mm	3.60 mm principal	0.22	ABS-other	Long	USA
MS V1.164 10/21/25 MTN	3.38 mm	3.39 mm principal	0.20	Debt	Long	USA
DTE DTE Energy Company	3.30 mm	3.30 mm principal	0.20	Debt	Long	USA
PNC The PNC Financial Services Group, Inc.	3.24 mm	3.11 mm principal	0.20	Debt	Long	USA
JPMMT 2024-2 A6A	3.19 mm	3.17 mm principal	0.19	ABS-other	Long	USA
BMW 4.9 04/02/27 144A	3.05 mm	3.00 mm principal	0.19	Debt	Long	USA
T 4.375 07/31/26	3.04 mm	3.00 mm principal	0.18	Debt	Long	USA
AZO AutoZone, Inc.	3.02 mm	2.98 mm principal	0.18	Debt	Long	USA
JPM F 04/29/26 MTN	3.01 mm	3.00 mm principal	0.18	Debt	Long	USA
MUFG Mitsubishi UFJ Financial Group, Inc.	3.01 mm	3.00 mm principal	0.18	Debt	Long	Japan
WSTP F 11/18/24	2.97 mm	2.97 mm principal	0.18	Debt	Long	Australia
BMW 5.3 08/11/25 144A	2.92 mm	2.90 mm principal	0.18	Debt	Long	USA
SANUSA V6.124 05/31/27	2.91 mm	2.85 mm principal	0.18	Debt	Long	USA
HALST 2024-B A3	2.83 mm	2.78 mm principal	0.17	ABS-other	Long	USA
NSANY 5.3 09/13/27 144A	2.79 mm	2.79 mm principal	0.17	Debt	Long	USA
T AT&T Inc.	2.73 mm	2.83 mm principal	0.17	Debt	Long	USA
WFCIT 2024-A1 A	2.58 mm	2.53 mm principal	0.16	ABS-other	Long	USA
FR ZS8641	2.50 mm	2.61 mm principal	0.15	ABS-mortgage backed security	Long	USA
NYLIFE F 04/02/27 144A	2.48 mm	2.48 mm principal	0.15	Debt	Long	USA
MBGGR 5.375 08/01/25 144A	2.42 mm	2.41 mm principal	0.15	Debt	Long	USA
GIS General Mills, Inc.	2.32 mm	2.29 mm principal	0.14	Debt	Long	USA
Blackstone Private Credit Fund	2.29 mm	2.31 mm principal	0.14	Debt	Long	USA
HPE Hewlett Packard Enterprise Company	2.27 mm	2.27 mm principal	0.14	Debt	Long	USA
EPD 5.05 01/10/26	2.26 mm	2.23 mm principal	0.14	Debt	Long	USA
BAAT 2023-1A A3	2.13 mm	2.10 mm principal	0.13	ABS-other	Long	USA
STT State Street Corporation	2.11 mm	2.07 mm principal	0.13	Debt	Long	USA
HDMOT 2024-A A3	2.09 mm	2.05 mm principal	0.13	ABS-other	Long	USA
BMWLT 2024-1 A4	2.03 mm	2.00 mm principal	0.12	ABS-other	Long	USA
MBGGR F 03/30/25 144A	2.01 mm	2.00 mm principal	0.12	Debt	Long	USA
ORLY O'Reilly Automotive, Inc.	1.95 mm	1.89 mm principal	0.12	Debt	Long	USA
GIS General Mills, Inc.	1.94 mm	1.94 mm principal	0.12	Debt	Long	USA
FN FM3019	1.82 mm	1.85 mm principal	0.11	ABS-mortgage backed security	Long	USA
WMT Walmart Inc.	1.79 mm	1.79 mm principal	0.11	Debt	Long	USA
HAROT 2024-1 A3	1.77 mm	1.74 mm principal	0.11	ABS-other	Long	USA
AGCO AGCO Corporation	1.74 mm	1.71 mm principal	0.11	Debt	Long	USA
PSA F 07/25/25	1.73 mm	1.73 mm principal	0.11	Debt	Long	USA
WOART 2024-B A3	1.67 mm	1.63 mm principal	0.10	ABS-other	Long	USA
C 5.438 04/30/26 BKNT	1.63 mm	1.60 mm principal	0.10	Debt	Long	USA
FN MA3932	1.61 mm	1.64 mm principal	0.10	ABS-mortgage backed security	Long	USA
GMALT 2024-1 A3	1.60 mm	1.58 mm principal	0.10	ABS-other	Long	USA
ORCL Oracle Corporation	1.53 mm	1.53 mm principal	0.09	Debt	Long	USA
GS The Goldman Sachs Group, Inc.	1.49 mm	1.50 mm principal	0.09	Debt	Long	USA
SYNIT 2024-A1 A	1.49 mm	1.46 mm principal	0.09	ABS-other	Long	USA
GMCAR 2021-3 A3	1.48 mm	1.49 mm principal	0.09	ABS-other	Long	USA
AMCAR 2020-3 C	1.33 mm	1.35 mm principal	0.08	ABS-other	Long	USA
SYNIT 2023-A1 A	1.28 mm	1.25 mm principal	0.08	ABS-other	Long	USA
FORDO 2023-B A2A	1.20 mm	1.20 mm principal	0.07	ABS-other	Long	USA
MMAF 2024-A A2	1.19 mm	1.18 mm principal	0.07	ABS-other	Long	USA
WOART 2024-A A3	1.14 mm	1.13 mm principal	0.07	ABS-other	Long	USA
CNH 2024-B A3	1.13 mm	1.10 mm principal	0.07	ABS-other	Long	USA
SDART 2024-2 A3	1.12 mm	1.10 mm principal	0.07	ABS-other	Long	USA
F F 03/06/26	1.06 mm	1.03 mm principal	0.06	Debt	Long	USA
CPB Campbell Soup Company	1.01 mm	1.00 mm principal	0.06	Debt	Long	USA
GM 1.2 10/15/24	998.37 k	1.00 mm principal	0.06	Debt	Long	USA
AN AutoNation, Inc.	995.95 k	1.00 mm principal	0.06	Debt	Long	USA
GNR 2013-149 MA	979.57 k	1.00 mm principal	0.06	ABS-other	Long	USA
BANK AMER SECS INC 0% CP 09/06/2025	970.23 k	1.00 mm principal	0.06	Short-term investment vehicle	Long	USA
HART 2024-A A3	955.89 k	940.00 k principal	0.06	ABS-other	Long	USA
INTC Intel Corporation	798.98 k	795.00 k principal	0.05	Debt	Long	USA
BHF 1.75 01/13/25 144A	692.67 k	700.00 k principal	0.04	Debt	Long	USA
BMY Bristol-Myers Squibb Company	637.72 k	636.00 k principal	0.04	Debt	Long	USA
JDOT 2024-A A3	635.39 k	625.00 k principal	0.04	ABS-other	Long	USA
Intercontinental Exchange, Inc.	595.78 k	600.00 k principal	0.04	Debt	Long	USA
WOART 2021-B A3	526.41 k	530.99 k principal	0.03	ABS-other	Long	USA